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Precious metals: Gold, silver futures ease on low demand

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Gold futures on Thursday fell 0.45 per cent to Rs 52,950 per 10 g as participants offloaded their very own holdings on low location demand.

On the Adjustable Commodity Exchange, gold selling prices for August delivery rejected by Rs 237, or perhaps 0.45 per cent, to be able to Rs 52,950 each 10 gram in a business enterprise turnover of 1082 a lot.

The yellow metal with regard to October delivery eased by means of Rs 271, or zero.51 per cent, to Rs 52,768 per 10 gram in 14,799 lots.

Gold was trading 0.32 per cent lower at USD 1,970.30 per ounce inside New York.

Silver


Silver futures on Thursday dropped by means of Rs 2,323 to be able to Rs 63,031 each kg as participants diminished their bets on low demand.

On the Adjustable Commodity Exchange, silver deals for September delivery wheeled by Rs 2,323, or 3.55 %, to Rs 63,031 per kg in a business enterprise turnover of 13,154 lots.

Silver traded decrease by 3.25 % at USD 23.53 per ounce in New york city.

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